Reliance Ventures

FEATURED ARTICLES ABOUT RELIANCE VENTURES - PAGE 5

MUMBAI: A special RIL trading session is being held to facilitate proper price discovery in RIL shares after the demerger of four companies ? Reliance Energy Ventures, Reliance Capital Ventures, Reliance Communication Ventures and Reliance Natural Resources ? from RIL into separate companies. RIL has worked out internal estimates of the cost of acquisition of shares of RIL and the four demerged entities, for income tax purposes. Accordingly, the pre-merger cost of acquisition of shares is estimated at 52% for RIL, 38.7% for Reliance Communication Ventures, 7.3% for Reliance Energy Ventures, 1.3% for Reliance Capital Ventures and 0.7% for Reliance Natural Resources.

MUMBAI: Reliance Capital (RCL) on Monday announced that its board has approved the merger of Reliance Capital Ventures with the company in an effort to eliminate the dual listing of both the companies. The shareholders of Reliance Capital Ventures will get five shares of RCL for every 100 they hold in their company, according to the share swap ratio announced by the RCL board. Reliance Capital Ventures was formed following the settlement between the two Ambani brothers in June '05. It is the holding company for RCL and holds Reliance Industries' 28.98% stake in RCL. The company is in the process of getting listed on the stock exchanges.

MUMBAI: Anil Ambani on Wednesday took over as the Chairman of Reliance Communication Ventures Ltd, a day after the Mukesh Ambani Group handed over management control of the demerged companies to the younger sibling. The decision was taken at a Board meeting of Reliance Communication Ventures Ltd (RcoVL) on Wednesday, sources said. Anil Ambani figures in the Boards of all the four new companies that carved out from Reliance Industries as part of the settlement between the two brothers.

MUMBAI: The Anil Dhirubhai Ambani group on Wednesday moved to consider the merger of two companies in its fold, Reliance Energy Ventures and Reliance Capital Ventures, with their respective operating companies. The boards of Reliance Capital and Reliance Energy will meet on January 2 and 3 to consider proposals to absorb these two newly-floated entities. The move comes just weeks after the Bombay High Court approved the demerger of Reliance Industries' investments into four separate companies and just days after RIL fixed January 25 as the record date for the demerger.

MUMBAI: Reliance Energy on Tuesday approved a proposal to merge Reliance Energy Ventures with itself as part of the Anil Ambani group's move to consolidate its structure. The board also okayed a swap ratio of 7.5 shares of Reliance Energy for every 100 shares held in Reliance Energy Ventures. Reliance Energy shares rose 0.6% to Rs 615.55 while the sensex climbed 1.6%. Reliance Energy Ventures is the holding company of Reliance Energy. It was formed after the Ambani family settlement in June '05, under which Reliance Industries agreed to sell its holdings in telecom, financial services and energy related businesses to four separate holding companies formed by the Anil Ambani group.

MUMBAI: Reliance Energy on Tuesday approved a proposal to merge Reliance Energy Ventures with itself as part of the Anil Ambani group's move to consolidate its structure. The board also okayed a swap ratio of 7.5 shares of Reliance Energy for every 100 shares held in Reliance Energy Ventures. Reliance Energy shares rose 0.6% to Rs 615.55 while the sensex climbed 1.6%. Reliance Energy Ventures is the holding company of Reliance Energy. It was formed after the Ambani family settlement in June '05, under which Reliance Industries agreed to sell its holdings in telecom, financial services and energy related businesses to four separate holding companies formed by the Anil Ambani group.

CHANDIGARH: Haryana Government today accused the previous Congress regime of sparing Reliance Haryana SEZ Limited of a Rs 50-crore penalty with regard to its shelved 25000-acre project, while alleging that it was awarded without any tender or competitive bidding process. As opposition leaders raised the Reliance SEZ issue in the assembly today, State Finance and Industries Minister Abhimanyu said that the then state government had entered into a MoU with Reliance Industries in the year 2005 to set up the Special Economic Zone in the Gurgaon-Jhajjar region.

MUMBAI: The Anil Dhirubhai Ambani group on Wednesday moved to consider the merger of two companies in its fold, Reliance Energy Ventures and Reliance Capital Ventures, with their respective operating companies. The boards of Reliance Capital and Reliance Energy will meet on January 2 and 3 to consider proposals to absorb these two newly-floated entities. The move comes just weeks after the Bombay High Court approved the demerger of Reliance Industries' investments into four separate companies and just days after RIL fixed January 25 as the record date for the demerger.

MUMBAI: Reliance Ventures Limited (RVL), a wholly-owned subsidiary of Reliance Industries Limited , and Infrastructure Leasing and Financial Services Limited (IL&FS), on Tuesday said that they have entered into an agreement, whereby IL&FS will become a strategic partner and co-promoter of a project to develop a model economic township and other infrastructure facilities at Jhajjar in Haryana. This project is a spin-off from Reliance Haryana SEZ Ltd, which is a joint venture between RVL and the government of Haryana, a press release issued here stated.